China open to joining Trans-Pacific trade pact


In this March 29, 2018 photo, Chinese Ministry of Commerce spokesman Gao Feng speaks during a press conference at the ministry in Beijing. - AP

BEIJING (Xinhua): China will assume an open and positive attitude towards the idea of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Ministry of Commerce (MOC) said on Thursday (Nov 19).

China welcomes any open, inclusive, and transparent regional free trade agreement that can help foster economic globalization and regional economic integration.

It must, however, adhere to the principles of the World Trade Organization, MOC spokesperson Gao Feng told a press briefing.

The country will further advance institutional opening up, and it hopes that all sides can join hands in boosting trade and investment liberalization and facilitation to achieve win-win results, said Gao.

Effective since Dec 30,2018, the CPTPP is a trade pact among 11 countries, including Japan, Canada, Australia, Singapore, Chile, and Mexico, whose aggregate gross domestic product accounts for 13 per cent of the world economy.

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